Forum Archive Index - May 2000

["hyperion" <hyperion@ihug.co.nz>]

Ril,

 You really must be a bitter little man,  just because you have taken bad
losses lately doesn't give you the right to bag any share you feel!

I remeber you scoffed at me for suggesting CEN was a good buy at 2.40cps.
Seen the share price lately?

Also so what if the rural community doesn't have good line maintenance.
Most of the traffic will come from the city anyway.  Wireless technology is
just around the corner which I am sure TEL will offer to rural communitites
instead of rolling out millions of meters of expensive cable.

 Bottom line is, TEL still has a monopoly and AAPT profits are up a huge %
this year, along with their next generation cable deal with Lucent
Technology they are in good shape!

Please find a few spelling mistakes in this posting,  I know how it annoys
you so much.

Regards
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----- Original Message -----
From: ril <ril99_99@yahoo.co.uk>
To: <sharechat@sharechat.co.nz>
Sent: Monday, May 22, 2000 10:25 PM
Subject: [sharechat] TEL


> From your herald site:
>
> A very important article missed by your chatters.
>
> TEL has a minimum $550 m required to bring lines to sub-par. We
> financial analysts have known for quite a while that the owners (USA) of
> TEL were foregoing maintenance and dividend stripping the company. They
> bailed two or so years ago with their profits while hiding the fact
> through board influence that there were horrendous back maintenance
> provisions.
>
> This is similar to owners of a bank hiding bad debts in a sale ie Cap
> Markets and BNZ.
>
> So now the public as usual is holding the turkey in TEL shares.
>
> This is why, oh simple Kiwis, you do not allow foreigners to hold your
> key assets. Oh silly, silly Kiwis. Now you are stuck with line
> bottlenecks while your politicians talk the knowledge economy. Once
> again you have been taken to the cleaners.
>
> My sources in TEL also tell me there is a 1/4 bn dollar back maintenance
> for un-maintained property (buildings) to come out later.
>
> The sheep like NZ press are swallowing TEL's excuse because they are
> half-witted. Anyone in the industry will tell you different.
>
> Of course, the directors should be held to account but won't be as is
> the way in NZ. This is what happens when your directors have B.Com's
> instead of BE's.
>
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